Dermatology Devices Market
Dermatology Devices Market Size, Share & Trends Analysis Report by Type (Dermatoscopes, Microscopes, Imaging Devices), by Type (Light Therapy Devices, Lasers, Electrosurgical Equipment, Liposuction Devices), by Application (Skin Cancer Diagnosis, Other Diagnostic Applications), by Application (Hair Removal, Skin Rejuvenation, Acne, Psoriasis, and Tattoo Removal, Wrinkle Removal and Skin Resurfacing), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)
|Forecast Years for Dermatology Devices Market:||2022 - 2028|
|Historical Years for Dermatology Devices Market:||2016 - 2021|
|Revenue 2021 for Dermatology Devices Market:||USD 12.19 Billion|
|Revenue 2028 for Dermatology Devices:||USD 23.43 Billion|
|Revenue CAGR (2022 - 2028) for Dermatology Devices Market :||11.5%|
|Fastest Growing Region (2022 - 2028) for Dermatology Devices Market:||Asia Pacific|
|Largest Region (2021) for Dermatology Devices Market:||North America|
Global Dermatology Devices Market valued at USD 12.19 Billion in the year 2021 and is projected to reach a value of USD 23.43 Billion by the year 2028. The Global Market is anticipated to grow exhibiting a Compound Annual Growth Rate (CAGR) of 11.5% over the forecast period.
The Dermatology Devices assist in diagnosing and treatment related to skin disorders. The Dermatology Devices Market is witnessing growth due to the rising prevalence of diseases that needs surgical treatment, particularly slightly invasive surgery (MIS) which can help the Dermatology Devices Market to gain traction in the upcoming years. Additionally, the upsurge in the incidences of skin cancer, which needs immediate treatment and which requires Dermatology Devices for the treatment is anticipated to boost the dermatology device market in the coming years. Furthermore, the rising incidences of conditions, like acne, psoriasis, and other skin disorders are projected to generate the highest revenue during the forecast period. The increasing spending on healthcare that is used for skin treatments is further anticipated to gain traction. In addition, an upsurge in the need for improvement in aesthetics which needs Dermatology Devices for the treatment and is expected to fuel the Market growth during the forecast period. The devices can be used for cryosurgery, skin biopsy, photodynamic therapy, topical chemotherapy, electrodesiccation & curettage, and Mohs micrographic surgery which is expected to increase the demand for Dermatology Devices in the coming future. Additionally, the increasing demand for dermatology devices in the emerging economies is predicted to increase the opportunities for the growth of the Dermatology Devices Market in the years to come.
The dermatology devices market is segmented on the basis of Dermatology Diagnostic Devices, by Type, Dermatology Treatment Devices, by Type, Dermatology Diagnostic Devices, by Application, and Dermatology Treatment Devices, by Application. Based on Dermatology Diagnostic Devices, by Type, the market is segmented into dermatoscopes, Microscopes, and Imaging Devices. Based on Dermatology Treatment Devices, by Type, the market is segmented as Light Therapy Devices, Lasers, Electrosurgical Equipment, Liposuction Devices, Microdermabrasion Devices, and Cryotherapy Devices. Based on Dermatology Diagnostic Devices, by Application, the market is segmented into Skin Cancer Diagnosis and other Diagnostic Applications. Based on Dermatology Treatment Devices, by Application, the market is segmented as, Hair Removal, Skin Rejuvenation, Acne, Psoriasis, Tattoo Removal, Wrinkle Removal, Skin Resurfacing, Body Contouring, and Fat Removal, Vascular and Pigmented Lesion Removal, Warts, Skin Tags, and Weight Management, and other Treatment Applications.
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The Skin Cancer Diagnosis Segment is Predicted to Gain the Highest Revenue During the Forecast Period
Based on the application, the skin cancer diagnosis is estimated to gain the highest revenue during the forecast period. The growth of this segment is attributed to increasing in the occurrences of skin cancer which requires early diagnosis. Moreover, the increasing research on skin cancer diagnosis for combating skin related conditions could contribute to the growth of this segment to generate high revenue shares in the upcoming years.
Light Therapy Devices Segment is Anticipated to Grow Significantly
Based on dermatology treatment devices, the light therapy devices segment is anticipated to grow at the highest CAGR during the forecast period. The growth of this segment is attributed to easy accessibility and better dermatology treatment with the presence of skilled professionals which assist this segment to gain more profit in the coming future.
North America is Held the Largest Market Share in 2021
North America region held the largest revenue share of the Dermatology Devices market during the forecast period. The increasing incidences of skin cancer and other skin diseases like rosacea and eczema, and the increasing adoption of cosmetics procedures are the major factors contributing to the growth of North America during the forecast period.
The Asia Pacific is Estimated to Record the Highest Growth During the Forecast Period
Asia Pacific region is projected to register the fastest growth during the forecast period. The rapid growth in the medical tourism sector in the Asia Pacific owing to the accessibility of treatment options is projected to be the prime factor driving the growth of the regional market during the forecast period. Furthermore, the increasing beauty consciousness among the consumers is estimated to boost the demand for the product which is expected to fuel the growth of the market in years to come.
The dermatology market is fragmented in nature due to the presence of key market players. Some of the major key players in the market are Alma Lasers, Ltd., Cutera Inc., Cynosure Inc., Lumenis, Ltd., Valeant Pharmaceuticals International Inc., Gen, Inc., Bruker Corporation, Carl Zeiss, Genesis Biosystems Inc., HEINE OPTOTECHNIK GMBH & CO. KG, Michelson Diagnostics, Ltd., Photomedex Inc. and others.
Segmentation of the Global Dermatology Devices Market:
Regions & Countries Covered
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST
analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market
attractiveness analysis by segments and North America, company market share analysis, and COVID-19
Frequently Asked Questions
the global demand for Dermatology Devices
in terms of revenue?
The global Dermatology Devices valued at USD 12.19 Billion in 2020 and is expected to reach USD 23.43 Billion in 2028 growing at a CAGR of 11.5%
are the prominent players
in the market?
The prominent players in the market are Alma Lasers, Ltd., Cutera Inc., Cynosure Inc., Lumenis, Ltd., Valeant Pharmaceuticals International Inc., Gen, Inc., Bruker Corporation, Carl Zeiss, Genesis Biosystems Inc., HEINE OPTOTECHNIK GMBH & CO. KG, Michelson Diagnostics, Ltd., Photomedex Inc..
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 11.5% between 2021 and 2028.
the driving factors
fueling the growth of the market.
The driving factors of the Dermatology Devices include
- Rising Incidence of Skin disorders
region accounted for the
largest share in the market?
North America was the leading regional segment of the Dermatology Devices in 2020.